Tafila Wind Farm · 2019-03-20 · Timeline Q2 2011 MOU Signed with GOJ Q4 2013 PPA / EPC / Finance...
Transcript of Tafila Wind Farm · 2019-03-20 · Timeline Q2 2011 MOU Signed with GOJ Q4 2013 PPA / EPC / Finance...
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Tafila Wind FarmJordan Wind Project Company PSC
EIB Investments in Renewable Energy outside EU
By: Samer S. Judeh, Chairman26th April, 2017
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Jordan Wind Project Company
A Success Story - First Commissioned Wind Project in Jordan/Region
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Sponsors Lenders
Participants- Sponsors & Lenders
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Legal Engineering Accounting, Tax
InsuranceAccount Banks
Advisory & Service Providers
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Timeline
Q2 2011 MOU Signed with GOJ
Q4 2013 PPA / EPC / Finance Docs signed
Q2 2014 Commenced site works (21 month construction period)
Q1 2015 Turbine erection commenced
9/2015 Commercial Operations Start (20 yrs)
Total Project Cost: $287m
Lenders: International Finance Corporation (IFC), European Investment Bank (EIB), Netherlands Development Finance Company (FMO), Europe Arab Bank (EAB), OPEC Fund for International Development (OFID), Danish Export Credit Agency (EKF) 77% of funding ($221m)
Sponsors: Inframed Infrastructure, Masdar Power, EP Global Energy Ltd. 23% of funding($66M)
Jordan Wind Project Company
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IFC: Mandated bank
EIB:
Loan:
Largest lender at $72m
Repayments: Three to date
Lenders
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Required studies received input from lender technical / legal advisor throughout the process
▪ Environmental & Social Impact Assessment
▪ Baseline Environmental Surveys
▪ Avifauna surveys & reporting
▪ Wind measurement & reporting
▪ Topographic study
▪ Geotechnical study
▪ Grid Impact Study
▪ Transport study
▪ Preliminary Design works
Required Studies
Development Process
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Development:
▪ Land Acquisition & Title Documentation
▪ Tax Framework
▪ Project Documents▪ PPA / TCA
▪ Financing Docs
▪ EPC (DBOM) Contract
▪ Environmental (Avian monitoring / risk assessment)
▪ Permitting
Development / Implementation Challenges
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▪ GOJ Guarantee on NEPCO Obligations
▪ Lender direct agreements (GOJ, Contractor, etc)
▪ PPA – currency adjustment provision
▪ Security Provisions (onshore / offshore assets)
▪ Due Diligence / KYC
▪ Strict environmental mitigation / monitoring program
▪ Bankable studies and contracts
De-risking (Bankability)
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- First privately sponsored utility scale wind farm in the Middle East
- First non recourse project finance renewable deal in Middle East
- First utility scale renewable plant in Jordan - First renewable PPA and Generation License in Jordan- Middle East Renewable Deal of the Year 2013 –
Project Finance magazine- First successfully commissioned RE project onto the
NEPCO grid in September 2015
Accomplishments
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- Government Agreements, Financing Docs, DBOM Contract signed simultaneously
- December 2013 year end conditions satisfaction (DBOM)
- Deal of the Year Award 2013
Closing
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▪ Roads
▪ Crane pads
▪ Foundations
▪ Turbines
▪ Cabling
▪ Substation (MV / HV)
▪ Warehouse & Control building
▪ Permanent wind measurement mast
▪ Sections of roads and crane pads
▪ Construction compound & storage area
▪ Some road entrances
▪ Temporary wind measurement masts
Permanent
Temporary
PROJECT COMPONENTS
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Slide 13
Vestas V112 Turbine (Qty 38)
• 3.075 MW rated capacity• 112m rotor diameter• 94m tower height• 3 – 25 m/s operating range• Fully automated
Towers: SpainNacelle: DenmarkGearbox: GermanyBlades: USA, Denmark
~400GWH / Year CF @ 39%Class II site
PROJECT COMPONENTS
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Construction:
▪ Customs / Importation / Transport
▪ Wind conditions during turbine erection
▪ Crane logistics
Development / Implementation Challenges
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Slide 15
HM the King landing onsite to inaugurate the wind farm project.
PROJECT COMPONENTS
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16
PROJECT COMPONENTS
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Slide 17
JWPC and NEPCO substation
PROJECT COMPONENTS
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18Transformer Transport and Installation
PROJECT COMPONENTS
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Slide 19
Snow storm on site
PROJECT COMPONENTS
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Slide 20
Roads / Crane Pads
Foundation excavation
Completed site road
Completed crane pad
PROJECT COMPONENTS
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Slide 21
PROJECT COMPONENTS
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Slide 22
MV Cable works
33kV cable works
Cable drum storage
PROJECT COMPONENTS
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Slide 23
Foundations
Completed Foundation ready for backfilling
Foundation reinforcement works
Backfilled foundation
PROJECT COMPONENTS
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Slide 24
PROJECT COMPONENTS
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Unloading & Transport
Component unloading in Aqaba
PROJECT COMPONENTS
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Slide 26Pictures from the construction
PROJECT COMPONENTS
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Slide 27
PROJECT COMPONENTS
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Slide 28
PROJECT COMPONENTS
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Slide 29
View from the permanent met mast during the maintenance
Inspection of the top cooler at WTG
PROJECT COMPONENTS
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Completed WTG
Completed WTG
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31View from WTG 24
PROJECT COMPONENTS
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Slide 32
Summary:
• The wind farm is operating at full installed capacity of
117MW
• The availability / performance of the turbines is very good
(97.37% after TOC)
• Turbines do not have any major technical issues
• Cooperation with NEPCO is without any problems
• ESMMP tasks are being carried out in line with requirements
Operations Overview
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Slide 33
Regular JWPC site team activities:• Weekly inspections of substation electrical equipment• Weekly inspections of the buildings and site roads• Monthly inspections on the spare parts• Monitoring Vestas activity• Regular WTGs inspection• Monitoring WF performance – evaluation of the data from the WTGs• Reporting – weekly internal reports, monthly reports• Billing• Monitoring H&S on site
• Environmental activities:• Carcass searching on weekly basis (dropping to 2 x month in winter)• Bird monitoring• Monthly inspection of the site in terms of environmental.
O&M Activities - Ongoing
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Slide 34
HSE Statistics – Since Taking Over
Month Events for the month Total
OHS Near Misses First Aid Injury Lost Time Injury
12/2015 0 1* 0 1
1/2016 0 0 0 0
2/2016 0 0 0 0
3/2016 0 0 0 0
4/2016 0 0 0 0
5/2016 0 0 0 0
6/2016 0 0 0 0
7/2016 0 0 0 0
8/2016 0 0 0 0
9/2016 0 0 0 0
10/2016 0 0 0 0
11/2016 0 0 0 0
12/2016 0 0 0 0
01/2017 0 0 0 0
HSE Statistics – Since Taking Over
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Slide 35
Thank you very much